- August 29, 2012 - 18:27
I bet if this was a Halifax company - the funding would be there. Kill NFLD one step at a time...that's the Canadian Moto!
- August 29, 2012 - 09:59
Look, the reality is that ACOA plays a crucially important role in funding innovation and business development in the Atlantic regions. The very purpose of ACOA is to help foster business and technology development that is inherently high risk. The thing is, when you provide fundamentally important support to a high risk area, probability dictates that some things don't work out. If someone didn't step up to the plate to support innovation in this high-risk area, in many cases it just wouldn't happen at all. It's easy to jump on ACOA when something like this hits the press, but the reality is that the countless positive effects of a ACOA never make it to press, as the social improvement it brings about every day, year after year, does not come in the form of a news-worthy event. All we have here is sample bias. The detractors may have some valid points, but nothing that could support calling for the end of the ACOA program.
- August 28, 2012 - 09:54
Guigne International went under ages ago, they could not get continued funding...too bad maybe we'd be on Mars with Curiosity. I have no idea what the terms of funding were but I do know that Jacques is not rich as implied...he is a scientist and researcher, used to be known as the golden boy...he probably could have taken us to Mars if the funding continued now we can only watch the Americans beat us to it.
- August 27, 2012 - 07:05
I wonder how much ACOA has paid out and lost. How many millions have been lost to companies failing to repay their loans? Mr. Harper we just found out how you can save millions cut all the HIGHEST paid managers at ACOA. They have shown that they can't manage the money. Plus we all know the highest paid employees never do the actual work.
- August 26, 2012 - 13:17
What a Agency. Loans for Russian Berry Plants and no market, call centers, beet growers in NL winter and Mushrooms. The NL Government has loss touch with reality. The latest is rebuiding a paper plant in Coner Brook for a private firm/individual who probably has bluffed them into doing it. He will surely appreciate it and will laugh all the way to the bank. But I wonder if it is favours, "good ole boy network" and politics that make the decisions. Want to save money then do away with this agency and others that give away hard payed taxes to private individuals for a few jobs - asap!
- August 27, 2012 - 06:50
Duffy....don't know what the NL government has to do with this story..Acoa is a fereral agency.
- August 26, 2012 - 09:56
Another write off .... after "transferring intellectual property and assets to another entity."
- August 25, 2012 - 20:52
I'm not surprised. Most of what works at ACOA are lazy, dummies and only their to help out their croonies and watch their bank accounts grow because of over-inflated salaries. Shut it down. Most of what they loan out never gets repaid anyway.
- August 25, 2012 - 09:31
They can get millions and never pay a cent for years and years but others are turned down every day by ACOA. Seems someone is helping out his already rich buddies and not the ordinary person trying to get ahead.